SE Asia Stocks: Malaysia snaps six-day rally, S’pore commodities strong
BANGKOK, Aug 16 – Southeast Asian stock markets were mixed today with Malaysia falling after six days of gains and Singapore eking out slim gains led by commodities stocks such as Noble Group Ltd.
Malaysia’s main index finished down 0.22 per cent after a choppy session while Singapore’s Straits Times Index was up 0.03 per cent. Noble Group and Wilmar International Ltd each advanced more than 2 per cent.
Oil prices, which steadied near three-month highs, were supportive to sentiment in commodities but the broader market remained fragile due to worries about the global economy.
Jakarta’s Composite Index extended its gain for a third session, rising 0.45 per cent to the highest close in more than three months. The market reopens today after six days of holidays. – Reuters